When my phone screen flashed "Account 0.00" in the early morning, it wasn't the first time I saw this number. I had been liquidated three times in two years, losing all my initial 80,000 yuan and the subsequent 120,000 yuan I added. The sticky notes on the wall were filled with lessons: chasing gains, high leverage, impulsive trading.



Each of the first two failures had its own foolish mistake. Once, I saw someone in a group sharing triple daily returns and, in a moment of impulsiveness, went all-in with 50,000 yuan on a new, unknown coin. I didn't expect the project team to run away the next day. Another time was even more ridiculous—being persuaded by someone claiming to be a master, I used 20x leverage to bet that ETH would retrace, only to be forcibly liquidated in the early morning. That was when I realized it was just a typical "cutting leeks" scam. The third time was the most absurd: after a few days of self-studying candlestick charts, I thought I had cracked the secret, went all-in on futures, and ended up with my account wiped out from a small fluctuation.

The real turning point came after spending half a year reviewing my trading records. I discovered three counterintuitive truths. These won't make you rich overnight, but they will help you survive.

**The first is the value of patience.** I used to trade ten or more times a day, and the transaction fees were a bottomless pit. The more I traded, the more I lost. Later, I talked with a seasoned trader who suggested I try this: only watch the market once a week without making any moves, and write down all the coins I want to buy. After a week of review, I was stunned—those coins I wanted to buy immediately had dropped more than 50%. The best opportunities to buy often appear when you have the least patience.

Surviving in this market depends not on how frequently you trade, but on your ability to stay calm in the face of temptation. Action may seem powerful, but patience is the true strength.
ETH1.18%
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BrokeBeansvip
· 01-06 03:21
Losing 200,000 and still being able to reflect on the experience—that's really the right mindset. But to be honest, most people simply can't do the two words "wait."
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AllInAlicevip
· 01-05 12:00
Losing 200,000 yuan and still able to do such a clear review is truly impressive. But to be honest, "waiting" is easier to understand than to practice; when it comes to actual operation, it's still easy to get itchy fingers.
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GovernancePretendervip
· 01-04 22:50
Oops, the part about betting on ETH with 20x leverage made me laugh. It's really a textbook-level rookie playbook.
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PumpDoctrinevip
· 01-04 22:49
Losing 200,000 and still able to write such a rational article, truly impressive. But I’ve heard this "waiting theory" too many times; the key is still to resist the urge to buy the dip. --- I was really taken aback when a new coin I went all-in on got rug-pulled. If it were me, I would have already broken down. --- Wait, a 50% drop in a week? Isn’t that the perfect time to buy the dip? Why does it turn into "the power of waiting" again? --- That’s true, but it sounds like armchair quarterbacking after the fact. When faced with the market, people still tend to act impulsively. --- That’s why I only hold now; I can’t play with leverage contracts. --- Actually, the most effective move is mental state management, but that’s the hardest thing to learn.
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StableGeniusvip
· 01-04 22:47
nah this is just survivorship bias with extra steps. guy blew 20k learning what literally every failed trader figures out at 3am... "don't overtrade" isn't exactly a revelation lol
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AlwaysMissingTopsvip
· 01-04 22:38
Going all-in on new coins, 20x leverage, self-learning candlestick charts... Bro, I know this routine too well, it's basically the three steps of retail investors. Wait, this guy actually figured it out in the end? That's rare, most people give up after three failures and quit. If you don't trade for a week, the coin drops 50%. That takes a lot of patience... I can't do it, my hands are itching.
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AirdropChaservip
· 01-04 22:35
Haha, damn, 20x leverage betting on a pullback—aren't you just directly giving money to your opponent? I don't read enough, don't fool me. This old guy's statement about waiting is indeed perfect. If you don't act for a week, those coins can drop 50%, how scary is that... No wonder I make a dozen trades a day and still have 0.00. Turns out the problem is here.
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ContractTestervip
· 01-04 22:33
200,000 yuan lost in two years and you're still here contemplating? Man, your realization must be pretty costly.
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